Ten-League International Holdings Limited (NASDAQ:TLIH) Sees Significant Decline in Short Interest

Ten-League International Holdings Limited (NASDAQ:TLIH) was the recipient of a large decline in short interest in August. As of August 14th, there was short interest totaling 1,256 shares, a decline of 70.7% from the July 30th total of 4,292 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 2,234 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On Ten-League International

An institutional investor recently bought a new stake in Ten-League International stock. HRT Financial LP purchased a new position in shares of Ten-League International Holdings Limited (NASDAQ:TLIH) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 76,633 shares of the company’s stock, valued at approximately $28,000. HRT Financial LP owned 0.26% of Ten-League International at the end of the most recent quarter.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Ten-League International from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Ten-League International Stock Up 1.6%

TLIH stock traded up $0.09 during trading on Thursday, reaching $5.80. The stock had a trading volume of 2,738 shares, compared to its average volume of 244,850. Ten-League International has a one year low of $2.20 and a one year high of $8.50. The company has a current ratio of 0.87, a quick ratio of 0.56 and a debt-to-equity ratio of 0.45. The company’s 50 day moving average is $5.37 and its two-hundred day moving average is $3.99.

Ten-League International Company Profile

Ten-League International, Inc is a manufacturer and distributor of hair care and beauty enhancement products serving both retail consumers and professional salons. The company’s offerings include wigs, hair extensions, hair systems, toupees and related accessories designed to address styling, medical and cosmetic needs.

Products are marketed under the Ten-League and True Glory brands, with distribution through e-commerce platforms, specialty beauty supply retailers and a network of salon partners.